Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023

Bitcoin’s mining issue hit a report excessive after rising 5.48% to 57.12 trillion. This rise signifies the necessity for a major quantity of computational energy to find blocks. Meanwhile, the community’s hashrate additionally reached a report excessive this previous week.

Bitcoin Difficulty Jumps to 57 Trillion, Hashrate Spikes to Fresh New Highs

On September 19, 2023, the Bitcoin blockchain recorded a 5.48% difficulty increase at block 808,416. This change adopted the prior issue adjustment, which noticed a 2.65% drop at block 806,400 on September 5. With the issue set at 57.12 trillion, it represents the hardest interval ever for bitcoin mining.

The subsequent issue adjustment is anticipated on October 2, 2023. Since the surge to 57 trillion, the hashrate stays elevated, with present block occasions averaging 9 minutes and 33 seconds.

Over the final month, the hashrate’s 30-day easy shifting common (SMA) stood at 402 exahash per second (EH/s). The seven-day SMA reports 432 EH/s, whereas the three-day SMA exhibits a peak of 461 EH/s.

The community additionally set a 24-hour report with a swift ascent to 538.88 EH/s at block 807,830 on September 15. Currently, the hashrate hovers round 425.16 EH/s, with about 42 entities contributing SHA256 hashrate to the community.

The Foundry USA mining pool leads with 123.92 EH/s, accounting for 29.19% of the hashrate during the last three days. Antpool supplies 95.25 EH/s or 22.44% of the whole hashrate, whereas F2pool contributes 57.33 EH/s or 13.51% as of Tuesday.

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